$625,000
Melbourne, FL 32935
MLS# 1076310
4 beds | 4 baths
1 / 77
Property Description
Outstanding investment opportunity in the Eau Gallie Arts District! This restored historic multifamily is an ideal portfolio addition for the astute buyer. All four units are 1BR/1BA with spacious living and dining areas, full kitchens, and a bonus room perfect for an office or creative space. Each unit includes two ductless wall-mounted mini-split systems, and two units feature stackable washer/dryers. Just steps from the Eau Gallie Marina and walking distance to shops, restaurants, and nightlife, with quick access to US-1 and the beach. Upgrades include new plumbing, new electrical, tankless water heaters, impact windows in most areas, 2022 roof, and remodeled interiors that preserve historic charm. With high rental demand in this district, this turnkey property offers strong income potential and long-term appreciation.
Details
Maps
Location, Tax, and Legal
Tax Account: 2724766
Parcel Number: 27-37-21-05-00000.0-0007.00
General County Location: South
Middle School: Johnson
Tax Annual Amount: 7093.88
Tax Year: 2025
Tax Legal Description: SNELLS S/D OF LOT 25 HOUSTONS ADD TO EAU GALLIE LOT 7
Directions: US 1 South of Eau Gallie causeway to Young Street
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Stories Total: 2
Bathrooms Half: 0
Living Area: 3144
Lot Size Acres: 0.11
Lot Size Square Feet: 4792
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Open Parking Spaces: 8
Parking Total: 8
Senior Community YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: 1
Direction Faces: South
Pool Private YN: No
List Price/SqFt: 198.79
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1926
Remarks and Miscellaneous
Public Remarks: Outstanding investment opportunity in the Eau Gallie Arts District! This restored historic multifamily is an ideal portfolio addition for the astute buyer. All four units are 1BR/1BA with spacious living and dining areas, full kitchens, and a bonus room perfect for an office or creative space. Each unit includes two ductless wall-mounted mini-split systems, and two units feature stackable washer/dryers. Just steps from the Eau Gallie Marina and walking distance to shops, restaurants, and nightlife, with quick access to US-1 and the beach. Upgrades include new plumbing, new electrical, tankless water heaters, impact windows in most areas, 2022 roof, and remodeled interiors that preserve historic charm. With high rental demand in this district, this turnkey property offers strong income potential and long-term appreciation.
Appliances
Gas Oven: 1
Gas Range: 1
Gas Water Heater: 1
Microwave: 1
Refrigerator: 1
Tankless Water Heater: 1
Washer/Dryer Stacked: 1
Other: 1
Closing Company Details
Closing Company Name: Lack and Lack Chartered-Jonathan D. Lack-jonlack@lacklaw.com
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Ductless: 1
Multi Units: 1
Split System: 1
Current Use
Investment: 1
Multi-Family: 1
Residential: 1
Exterior Features
Balcony: 1
Fireplace Features
Fireplaces Total: 4
Other: 1
Flooring
Laminate: 1
Heating
Individual: 1
Varies by Unit: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Lot Features
Historic Area: 1
Other Structures
Shed(s): 1
Parking Features
Assigned: 1
Guest: 1
Parking Lot: 1
Shared Driveway: 1
Other: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Financial Data Source
Accountant: 1
Owner: 1
Income and Expenses
Gross Income: 52138
Income Includes
Rent Only: 1
Owner Pays
Common Area Maintenance: 1
Exterior Maintenance: 1
Grounds Care: 1
HVAC Maintenance: 1
Insurance: 1
Management: 1
Pest Control: 1
Repairs: 1
Roof Maintenance: 1
Taxes: 1
Trash Collection: 1
Water: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1200
Unit SqFt: 786
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Lease begins May 1, 2026 1 year. No washer/dryer
Unit 2 Details
Unit ID: 2
Actual Rent: 1250
Unit SqFt: 786
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Vacant-has stackable washer/dryer-for rent
Unit 3 Details
Unit ID: 3
Actual Rent: 1200
Unit SqFt: 786
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Long term tenant -lease expires 09/30/26
Unit 4 Details
Unit ID: 4
Actual Rent: 1250
Unit SqFt: 786
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Lease begins May 1, 2026 1 year has washer/dryer
Utilities
Cable Available: 1
Electricity Connected: 1
Natural Gas Connected: 1
Separate Electric Meters: 1
Separate Gas Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $625,000
Original List Price: 625000
List Price: $625,000
Status: Active
Listing Contract Date: 2026-05-01
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 658
Street Name: Young
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Snells S/D of Lot 25 Houstons Add To Eau Gallie
Status Change Information
Major Change Timestamp: 2026-05-02T19:35:41Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-02
Property Features
Appliances: Gas Oven; Gas Range; Gas Water Heater; Microwave; Refrigerator; Tankless Water Heater; Washer/Dryer Stacked; Other
Construction Materials: Block; Concrete; Stucco
Cooling: Ductless; Multi Units; Split System
Current Use: Investment; Multi-Family; Residential
Exterior Features: Balcony
Financial Data Source: Accountant; Owner
Fireplace Features: Other
Flooring: Laminate
Heating: Individual; Varies by Unit
Income Includes: Rent Only
Levels: Two
Listing Terms: Cash; Conventional; Owner May Carry
Lot Features: Historic Area
Other Structures: Shed(s)
Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Management; Pest Control; Repairs; Roof Maintenance; Taxes; Trash Collection; Water
Parking Features: Assigned; Guest; Parking Lot; Shared Driveway; Other
Possession: Close Of Escrow; Subject To Tenant Rights
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Separate Electric Meters; Separate Gas Meters; Sewer Connected; Water Connected
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Office: Space Coast Realty & Inv. LLC
Last Updated: May - 02 - 2026
Information is deemed to be reliable, but is not guaranteed.